Houston, TX -- (SBWIRE) -- 02/08/2019 -- Cloud computing allows end-users to apply a network of distant servers held over the internet to store, manage, and procedure data instead of relying on a local server or system. With the appearance of cloud-based skills, the retail industry has experienced fabulous transformation. The global retail cloud market was valued at USD 13.24 billion in 2019 and is estimated to reach USD 40.75 billion by 2025, recording a CAGR of +20% over the forecast period of 2019–2025. The retail industry is undergoing wonderful change, and the business setting has become a truly multi-channel world. The increased volume of data that needs to be treated, to make crucial choices, especially in assuming and applying the marketing and retailing analytics has encouraged the demand of cloud in the retail market.

The scope of the report is incomplete to the type of solution, model, deployment method, and group size. The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The global retail cloud market is driven by rapid acceptance of smart devices and increase in demand for obedience and teamwork.

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Top key players:
Cisco Systems, Inc., Oracle Corporation, SAP SE, International Business Machines Corporation, Microsoft Corporation, and Fujitsu Limited.

Increasing adoption of smartphones and shift toward omni-channel experience are a few factors driving the retail cloud market, while the high cost of deployment is hindering the market growth. Significant growth in the number of players entering into the retail cloud market and offering advance cloud computing solutions has increased the demand of retail cloud solutions in the recent years.

Global Retail Cloud can be segmented as follows:
- Segmentation by Product: customer management, workforce management, supply chain management, data security management, reporting & analytics, and others.
- Segmentation by Deployment: public cloud, private cloud and hybrid cloud.
- Segmentation by Services: software as a service, platform as a service and infrastructure as a service
- Segmentation by End-User: Small & medium size industry and large-scale industry.
By Region, North America is accounting for the highest market share, followed by Europe and Asia-Pacific. Growing adoption of e-commerce by citizens in North America is expected to drive the market in forecast period.

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The report for Retail Cloud Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market.

Reasons to Purchase the Report:
- Current and future retail cloud market outlook in the developed and emerging markets.
- Analyzing various perspectives of the market with the help of Porter's Five Forces Analysis.
- The segment that is expected to dominate the market.
- Regions that are expected to witness the fastest growth during the forecast period.
- Latest developments, market shares, and strategies employed by the major market players.

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